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Fear keeps the digital insurance ecosystem from its full potential

Insurance-technology innovators must safeguard against building exclusive systems that are accessible only to a privileged few.

By Adam Kiefer | May 26, 2022 at 08:00 AM
Data has become the heart of insurance. (Image: Thitichaya/Adobe Stock) Data has become the heart of insurance. (Image: Thitichaya/Adobe Stock)

These days, we all count on instant access to information. In the insurance business, that means instant access to data. It’s something that many people in business take for granted. We can find almost anything simply by typing or asking Google, Siri or Alexa.

The technology powering all of this data is massive. It controls everything. Although there are some perceived downsides, one primary benefit is that data is the key to greater knowledge and increased productivity.

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